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[ad_1] CNN — The Trump administration is imposing a substantial tariff on a raw material that is critical for electric vehicle batteries, which could significantly raise the cost of building EVs in the United States. The Commerce Department announced a 93.5% tariff on Chinese graphite Thursday, accusing the country of “dumping” the raw material in the United States below the market price. The decision was hailed by domestic graphite producers, who say Chinese producers dominate the market and keep American companies from getting off the ground. Raw graphite is relatively cheap, costing less than $2 per pound. Chinese imports to…
[ad_1] As earnings season ramps up next week, a select group of stocks could exceed Wall Street’s estimates and outperform again, if history is any guide. Next week is a doozy for the second-quarter earnings season, with 98 companies in the S & P 500 — about 20% of the index — scheduled to report their latest results. The week is led by market stalwarts such as Alphabet , Tesla and General Motors , but will also be notable for telecom and defense stocks. Stocks can often rise if they post earnings or revenue surprises that beat analysts’ expectations. With…
[ad_1] Meta has refused to sign the European Union’s code of practice for its AI Act, weeks before the bloc’s rules for providers of general-purpose AI models take effect. “Europe is heading down the wrong path on AI,” wrote Meta’s chief global affairs officer Joel Kaplan in a post on LinkedIn. “We have carefully reviewed the European Commission’s Code of Practice for general-purpose AI (GPAI) models and Meta won’t be signing it. This Code introduces a number of legal uncertainties for model developers, as well as measures which go far beyond the scope of the AI Act.” The EU’s code…
[ad_1] The feud between President Donald Trump and Federal Reserve Chairman Jerome Powell reached new heights this week. A White House official told CNBC earlier this week that Trump was moving toward firing Powell from his post , and a report in The New York Times also said the president had gone as far as drafting a letter for Powell’s ouster. Trump later denied a dismissal was imminent, but didn’t rule it out. On Friday in a Truth Social post, Trump said, “lower the Rate, Too Late,” referring to Powell. Let’s be clear: U.S. presidents putting pressure on Fed chiefs…
[ad_1] Better late than never.Warner Bros. Discovery is preparing to roll out A/B testing on HBO Max photo thumbnails for the first time, two employees familiar with the project told Business Insider. A company spokesperson confirmed the effort.The project, which one employee nicknamed the “multi-armed bandit,” will randomly display one of several different thumbnails — the small preview images you see for a TV show or movie before you click — for each HBO Max title. After the tests, the system will show all users the thumbnail that drives the most engagement.The rollout shows how WBD’s flagship streamer is playing…
[ad_1] Chipotle Mexican Grill stock could have a strong second half, according to BMO Capital Markets. Analyst Andrew Strelzik upgraded the fast casual restaurant stock to outperform from market perform in a Friday note, and raised its price target to $65 per share from $56. BMO’s forecast implies more than 21% upside from Thursday’s $53.54 close. The analyst said that Chipotle could be poised for a strong second half of the year after a slow start to the first half. Shares have pulled back more than 11% so far in 2025. CMG YTD mountain Chipotle Mexican Grill stock in 2025.…
[ad_1] Companies developing video AI models and tools often talk about working with Hollywood studios to make certain workflows possible. On Thursday, Netflix said that it has started using AI in movies and shows it produces. Speaking at the company’s post-results conference call, the company’s co-CEO, Ted Sarandos, said that the platform had “the very first GenAI final footage to appear on screen” in an Argentine show called “El Atonata.” He noted that Netflix’s internal production group teamed up with producers to use AI to create a scene of a building collapsing. Sarandos said that using AI, the scene was…
[ad_1] Here are Friday’s biggest calls on Wall Street: Stephens initiates Snowflake as overweight Stephens said Snowflake is best-in-class. “Long-term growth visibility which has traditionally been the replacement of legacy databases is now being augmented as faster product development has launched key new products w/large TAMs that have yet to contribute to the growth rate, in our view.” Evercore ISI upgrades Citizens Financials to outperform from in line Evercore ISI said shares of the banking company are compelling following earnings. “We are upgrading CFG to Outperform from In Line as we expect strengthening B/S [balance sheet] trends, favorable NIM [net…
[ad_1] Roku could exceed Wall Street’s estimates for its second-quarter results, according to JPMorgan. “We believe Roku is well positioned to deliver a beat/raise qtr, with ad spend largely stable in 2Q and China tariff de-escalation,” analyst Cory A Carpenter said. JPMorgan reiterated an overweight rating on the streaming stock in a Friday note and raised its price target to $100 per share from $85. JPMorgan’s forecast implies about 10% upside from Thursday’s $91.10 close. ROKU YTD mountain Roku stock in 2025. Roku is set to report second-quarter results on July 31. The analyst said he raised his forecast for…
[ad_1] Nassim Nicholas Taleb, the author of “The Black Swan” and “Antifragile,” has advice for navigating this period of economic instability, geopolitical upset, and technological upheaval: Stick to what you believe in, future-proof yourself against AI, exercise your mind and body, and have a holistic view of success.The scholar, statistician, and former hedge fund manager also shared what keeps him up at night.Here are four life lessons he shared during a wide-ranging interview with Business Insider.1. Have the discipline to stick to what you said you’d doA cornerstone of success is having the “discipline to stick to what you promise…